PEBB Enterprises and Banyan Development Secure Aldi as Anchor Tenant for Commercial Project in Port St. Lucie’s Tradition
Joint venture brings Shoppes @ the Heart of Tradition to 50% pre-leased following deals with popular supermarket chain, several additional tenants
PORT ST. LUCIE, FL – Dec. 13, 2022 – PEBB Enterprises and Banyan Development finalized a lease with popular supermarket chain Aldi to anchor the joint venture’s Shoppes @ the Heart of Tradition project in Port St. Lucie’s master-planned Tradition community. The deals with Aldi and numerous other newly signed tenants bring the 71,000-square-foot project to more than 50% pre-leased.
Aldi is leasing 19,231 square feet at the neighborhood shopping center PEBB and Banyan are developing on nearly 15 acres. The project site is just south of the intersection of Tradition Parkway and the I-95 interchange along Village Parkway and Mattamy Homes’ Manderlie residential community. It will also provide direct access to residents of Telaro at Tradition, Mattamy’s upcoming premier 55+ active-adult residential community.
PEBB and Banyan plan to break ground in February 2023 and open the center at the beginning of 2024.
The project name is a nod to its location adjacent to the “Heart” sculpture by acclaimed international artist JEFRË designed and constructed at Tradition.
PEBB and Banyan also finalized leases with several food-and-beverage and service-oriented retail tenants.
“Our leasing team has done a tremendous job securing a strong grocery anchor and important in-line tenants to serve the broader Tradition community,” PEBB President and CEO Ian Weiner said. “The activity thus far validates our belief that this is an ideal retail development opportunity given the site’s location and Tradition’s residential population.”
Other newly signed tenants include:
- Kyle G’s Amore Chop House (5,800 square feet)
- Spanish restaurant Port Tradition (5,200 square feet)
- Tomalty Dental (1,800 square feet)
- Le Bistro de Paris (1,400 square feet)
“Shoppes @ the Heart of Tradition is poised to be a dining and shopping hub, in addition to being a destination for residents to gather around the iconic Heart sculpture,” Banyan Development Principal Jason Sher said. “The retailers and food-and-beverage operators that have leased space at our project recognize its unparalleled location and access to a critical mass of residents. We look forward to a brisk lease-up of the remaining available space.”
Mattamy partnered with BEEP Autonomous Solutions to create an autonomous vehicle network – Tradition in Motion (TIM) – that is operational throughout the community. PEBB and Banyan’s project site connects to a main drop-off/pick-up area for the autonomous shuttles.